Dark Forest Capital Management LP Buys 98,245 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Dark Forest Capital Management LP lifted its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 473.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 118,993 shares of the company's stock after purchasing an additional 98,245 shares during the period. Clearwater Analytics accounts for 0.5% of Dark Forest Capital Management LP's portfolio, making the stock its 20th largest position. Dark Forest Capital Management LP's holdings in Clearwater Analytics were worth $3,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Clearwater Analytics by 13.3% during the fourth quarter. Vanguard Group Inc. now owns 20,879,597 shares of the company's stock worth $574,607,000 after buying an additional 2,455,844 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Clearwater Analytics by 66.0% during the 4th quarter. Alliancebernstein L.P. now owns 7,373,942 shares of the company's stock worth $202,931,000 after acquiring an additional 2,931,445 shares during the last quarter. Wellington Management Group LLP grew its holdings in Clearwater Analytics by 98.2% during the fourth quarter. Wellington Management Group LLP now owns 5,954,485 shares of the company's stock valued at $163,867,000 after purchasing an additional 2,950,555 shares during the period. JPMorgan Chase & Co. increased its stake in Clearwater Analytics by 52.4% in the fourth quarter. JPMorgan Chase & Co. now owns 4,613,815 shares of the company's stock valued at $126,972,000 after purchasing an additional 1,585,869 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Clearwater Analytics by 9.0% during the fourth quarter. Invesco Ltd. now owns 4,253,863 shares of the company's stock worth $117,066,000 after purchasing an additional 352,201 shares in the last quarter. Institutional investors own 50.10% of the company's stock.

Clearwater Analytics Stock Up 0.2 %

Shares of NYSE CWAN traded up $0.05 during midday trading on Friday, reaching $22.80. The company's stock had a trading volume of 2,571,131 shares, compared to its average volume of 2,158,699. The stock has a 50 day simple moving average of $26.20 and a 200-day simple moving average of $27.64. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $5.72 billion, a price-to-earnings ratio of 13.73, a PEG ratio of 8.23 and a beta of 0.76. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.62 and a fifty-two week high of $35.71.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.07). Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. The business had revenue of $126.47 million during the quarter, compared to analyst estimates of $120.34 million. Equities research analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CWAN. Royal Bank of Canada upped their price objective on shares of Clearwater Analytics from $30.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Morgan Stanley reaffirmed an "overweight" rating and set a $36.00 price target (up previously from $34.00) on shares of Clearwater Analytics in a research report on Friday, February 21st. DA Davidson upgraded Clearwater Analytics from a "neutral" rating to a "buy" rating and cut their price objective for the company from $35.00 to $32.00 in a report on Tuesday, January 14th. JPMorgan Chase & Co. assumed coverage on Clearwater Analytics in a research note on Friday. They set an "overweight" rating and a $28.00 target price for the company. Finally, Wells Fargo & Company cut their price target on shares of Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating on the stock in a research note on Tuesday. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $32.80.

Insider Activity at Clearwater Analytics

In other Clearwater Analytics news, CEO Sandeep Sahai sold 50,000 shares of the company's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $27.63, for a total transaction of $1,381,500.00. Following the sale, the chief executive officer now directly owns 615,855 shares of the company's stock, valued at approximately $17,016,073.65. This represents a 7.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $23.17, for a total transaction of $433,279.00. Following the completion of the transaction, the chief financial officer now directly owns 358,885 shares of the company's stock, valued at approximately $8,315,365.45. This trade represents a 4.95 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 644,510 shares of company stock valued at $18,478,363. Insiders own 4.60% of the company's stock.

About Clearwater Analytics

Clearwater Analytics Holdings, Inc develops and provides a Software-as-a-Service (SaaS) solution for automated investment data aggregation, reconciliation, accounting, and reporting services to insurers, investment managers, corporations, institutional investors, and government entities in the United States and internationally.